Hawaiian-condo investors, homebuyers in Montana and travelers seeking a room at Miami Beach’s upscale Setai Hotel all can turn to one company to meet their needs: Lehman Brothers Holdings Inc.Four years after filing the largest bankruptcy in U.S. history amid soured real estate bets, Lehman is still in the property business, wagering it can recover about $12.9 billion from mortgages and assets around the globe. Its $3 billion purchase this year of the remaining 53 percent of apartment owner Archstone Inc. made it the biggest buyer of U.S. commercial property by value in the last 12 months, according to research firm Real Capital Analytics Inc.

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Of the U.S. real estate assets still held by the Lehman estate -- including joint ventures and loans -- 43 percent are located in major metropolitan areas, where values are recovering amid strong investor demand, according to Ben Carlos Thypin, director of market analysis at Real Capital Analytics. The majority are in smaller markets, such as Greensboro, North Carolina and Norcross, Georgia, where institutional investors aren’t interested in buying, keeping values low, Thypin said.“That means that no matter how quickly and profitably they can liquidate the major market assets, the estate is still going to be sorting through a lot of smaller assets in small markets for years to come,” Thypin said.Read More: http://www.bloomberg.com/news/2012-08-13/lehman-lives-to-pay-18-cents-on-dollar-with-new-sales-mortgages.html

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Ben Carlos Thypin

I am currently the co-founder of Quantierra, the world's first data driven real estate brokerage and investment manager. In my former life as Director of Market Analysis at Real Capital Analytics, I worked with press outlets large and small to provide them with great data and insightful commentary. Here are some of the results of this collaboration. For the rest, please check out the News Archive.